Published Oct 8, 2026, 5:36 PM ET · Updated a month ago · 1 source
Unwinding of Yen Carry Trade Driving Global Bond Yields Higher
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Original Report
The global increase in bond yields is primarily due to the unwinding of the yen carry trade, as hedge funds and speculators close positions where they borrowed yen at low rates to buy government bonds, in response to the Bank of Japan raising interest rates.